INGVysyaBank MARCH2012

ING VYSYA BANK Investor Presentation
March 2012
ING VYSYA BANK LIMITED
Presentation Path
ING Vysya Bank - Overview Consistent Performance Segmental Performance Financial Information Appendix
Banking Franchise with ~8 Decades of Experience

Incorporated in 1930, promoted by Vysya community ING Groep NV became the single largest shareholder in ING Vysya Bank Limited (IVBL) with board and management control in Oct 02 One of Indias premier private sector bank offering a wide variety of wholesale and retail banking products and services Completed a QIP and a preferential allotment to raise INR 9.69 Bn Crossed 500 branches and extension counters
2011 2009 2007

Completed a QIP and a preferential allotment to raise INR 4.15 Bn
Completed a QIP and a preferential allotment to raise INR 3.5 Bn
Pan-India network of 982 outlets servicing over 2 mn customers as on December 11 2005 Balance sheet size of ~INR 431 Bn as on 31 December 2011 2002
Completed a 3:1 rights issue to raise INR 3 Bn
ING took over Management and was renamed as "ING Vysya Bank Limited
1996 1990 1985 1930

BBL Belgium entered into a strategic alliance and acquired 20% stake
GMR Group acquired 28% in the Bank
Largest Private Sector Bank
Promoted by Vysya (trading community) headed by Mr. Margapuram Chengaiah Chetty
Strong Pedigree of Investors

Shareholding Structure*
Top Institutional Shareholders (Non ING) Aberdeen Global Indian equity Warhol Ltd. (Chrys Capital) Morgan Stanley Mauritius Ltd. Citigroup Global Markets Domestic Institutions, 13% India Advantage Fund Government Pension Fund Global (Norway) Franklin Templeton Mutual Fund Private Corporates, 6% Public, 10% JF India Fund Kotak Mahindra Trusteeship Birla Sun Life Insurance Company DSP Blackrock India T.I.G.E.R. Fund % Holding 31st Dec '11 4.84% 3.68% 2.31% 1.98% 1.95% 1.49% 1.24% 1.16% 1.15% 1.09% 1.05%
Indian Promoters, 0% ING, 44%
Foreign Holding, 27%
*As
on 31st December 11
Diversified distribution with growing footprint

IVBL is making the transition from being a South India focused bank . Geographical Distribution No of Branches March 2008 Total No of Branches 432 to a Pan India Bank
Geographical Distribution No of Branches Dec 2011 Total No of Branches 527
Rest of South 41% AP 41% West 8% North & East 10%
Rest of South 34% AP 34%
North & East 19%
West 13%
Pan-India network of 527 branches and ECs, 28 Satellite Office and 427 ATMs servicing over 2 mn customers as on Dec11 With dominant branch presence in South India, the bank is expanding its coverage in West and North India Two-third of the branches now in Metro and Urban regions Newly approved branch licenses concentrated in western and northern region and in Metro/ Urban centre's
Consistent Improvement in Operating Metrics

Enhanced stakeholder value
Return on Equity
ROE improved to 12.29% (Dec-11) from 0.90% (Mar-06)
Return on Assets
ROA improved to 1.13% (Dec-11) from 0.05% (Mar-06)
NIM
NIM increased to 3.49% (Dec-11) from 2.73% (Mar-06)
Cost/Income ratio
Reduced to 57.18% (Dec-11) from 83.36% (Mar-06) Increased focus on: Branch productivity Employee productivity
Fee based income

Other income as a % to total income increased to 34.43% (Dec11) from 34.18% (Mar-06)
Yield on advances
Increased yield to 11.66% (Dec11) from 8.78% (Mar-06)
Net NPA (%)

Reduced Net NPAs to 0.31% (Dec11) from 1.76% (Mar-06)
Increased CASA (%)

CASA increased to 32.59% (Dec11) from 27.01% (Mar-06)
Financials are on a standalone basis and prior year data is restated/re-classified for comparison purposes
Business Segments
ING Vysya Bank Retail Banking Wholesale Banking
Branch Banking
Large Corporates Business Banking /SME
International Client Group
Private Banking Emerging Corporates Agricultural and Rural Banking (ARB) Financial Markets Banking and Financial Institution Group
Consumer Loans
Business Strategy Grow ahead of Market with better asset quality

Retail: Focus primarily on growth in Business Banking/SME, Mortgages and selective focus on Gold Loans, Personal Loans and Commercial Vehicles Wholesale: Leverage ING Global relationships to service domestic clients, deepen relationships with large Indian corporates and greater support and co-ordination with International Clients Group Grow the share of Emerging Corporates (EC) in the local currency balance sheet Retail: Continue to grow footprint in Northern and Western parts of the country, while consolidating in the South Derive value from investments made in branch expansion and continue to drive efficiency and productivity of existing network Focused efforts to further scale retail fee engine Wealth Management, Trade & Forex, Asset related fees Wholesale: Leverage network to grow transaction banking platform to meet client needs Improve the systems within EC business Retail: Deepen customer relationships with products servicing multiple target segments including a strategic push on Current Account of the Business Banking/SME customer Focus on operating account for corporate/salaried segment Wholesale: Increase the share of EC in local balance sheet Increase penetration of fees products such as DCM, PCM ,FM and CF Selectively look at structured financing Retail: Increase overall profitability both from legacy network and growing footprint Continuous improvement in technology platform for cost efficient & customer centric model Increase per branch productivity closer to best in class Wholesale: Increase the share of customer wallet through new product introductions and deepen existing relationships Focus on portfolio churning To position as bank of choice to chosen customer segments Migrate global best practices and knowledge Continue investment in the brand as we expand footprint outside South India
Growth
Focused Asset growth engines
Growth with Risk Mitigation
Grow and leverage the distribution franchise and strengthen systems Increase low cost liabilities and better margin products
Financing Margins
Operating Margins
Enhance operating efficiency
Growth enabler
Reposition as ING in select markets
Enhancing Brand Awareness
Amongst Top 5 Most Trusted Private Sector Banks by Brand Equity Most Trusted Brands Survey 2011
ATMs@ Malls & Hypermarkets
ING Vysya Bank branch at Hughes Road, Mumbai
Art Branch, Cuffe Parade, Mumbai
Focused outdoor advertising
Presentation Path
10
Consistent Performance
1 2 3 4 5
Improving Returns Delivering Consistent Growth and Profitability Strengthening Balance Sheet, Asset Quality & Mix Moving towards a diversified pan-India Bank Quality Management, Supported by a strong promoter
11
Improving Returns
Return On Assets
1.25% 1.00% 0.74% 0.75% 0.50% 0.25% 0.00% Mar 06 Mar 07 Mar 08 Mar 09 Mar 10 0.05% 0.52% 0.70% 0.80% 0.89%
1.07%
Steady improvement in RoA from 0.05% to 0.89% (FY06 to 11) RoA of 1.13% for the quarter ending Dec 2011
Mar 11 YTD Dec11
Return on Equity
16% 11.81% 11.63% 12.83% 12.65%
RoE improved from 0.90% to 12.83% (FY 06 to 11) ING raised ~Rs. 9.7 Bn via QIP in June 2011 RoE of 12.29% for the quarter ending Dec 2011
12% 8.34% 8% 4% 0% Mar 06 Mar 07
12.03%
0.90%
Mar 08
Mar 09
Mar 10
Mar 11 YTD Dec11
Financials are on a standalone basis and prior year data is re-classified for comparison purposes
12
Delivering Consistent Growth

Gross Advances (Rs Bn) Rs
250 200 150 105 100 50 0 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 147 122 169 188
241
268
Overall advances growth CAGR of ~18% (FY06-11) Y-o-Y growth of 22% in advances as on Dec 2011
Mar-11
Dec-11
Deposits (Rs Bn) Rs

350 300 Term Savings Current 249 250 205 200 154 150 100 50 0 21 15 Mar-06
302 259
317
CASA growth CAGR of 24% (FY06-11) CASA as a percent of total deposits improved from 27% as on Mar 06 to ~35% as on Mar 11
197 133 140 97 110 26 19 Mar-07 31 33 Mar-08 34 33 Mar-09 43 41 Mar-10 54 51 Mar-11 182 174
213
Overall deposits growth CAGR of 18% (FY06-11) Y-o-Y growth of 16% in deposits as on Dec 2011
52 51 Dec-11
13
.. Profitability
Net Total Income (Rs Mn)
Exceptional income Other income NII 16,615 14,501 11,973 307 6,550 5,895 5,477 8,298 10,065 8,892 4,729 13,621
18,000 15,000 12,000 9,170 9,000 6,172 6,000 3,000 4,063 0 Mar 06 Mar 07 Mar 08 Mar 09 Mar 10 2,110 335 2,522 4,456 7,313 204 3,982 6,496
Total Income growth CAGR of 22% (FY06-11) Other Income growth CAGR of 25% (FY 06 -11) Y-o-Y growth of 20% in total income for the quarter ended Dec 2011
4,984
Mar 11
YTD Dec 11
Net Profit (Rs Mn)

3,500 3,000 Exceptional items Net profit 2,422 203 2,000 1,569 1,500 1,000 500 91 0 Mar 06 Mar 07 Mar 08 Mar 09 Mar 10 Mar 11 YTD Dec11 625 889 264 1,428 141 2,219 1,888 3,186 3,289
Net Profit growth CAGR of 104% (FY06-11) (~38% from FY07-11) Y-o-Y growth of 44% in net profit for the quarter ended Dec 2011
2,500
14
Improving Margins
NIM
NIM %
3.4% 3.2% 3.0% 2.8% 2.6% 2.4% 2.2% 2.0% Mar 06 Mar 07 Mar 08 2.73% 2.79% 2.77%
3.25% 3.21% 2.84%
3.31%
Consistent improvement in NIMs from 2.73% for FY06 to 3.25% (FY06-11)
NIMs of 3.49% for the quarter ending Dec 2011
Mar 09
Mar 10
Mar 11 YTD Dec11
Cost/Income Ratio
100% Cost to income ratio % 83.4% 72.4% 3.3% 68.0% 1.5% Exceptional items %
Continuous decline in Cost/Income ratio from 83.4% to 61.8% (FY 06-11) For FY 11, cost/income ratio was 57.7% excluding onetime additional retirement staff cost of Rs. 680 million Cost/Income ratio of 57.2% for the quarter ending Dec 11
80% 60% 40% 20% 0% Mar 06
64.5% 56.9% 1.2%
61.8%
59.8%
69.1%
66.5%
55.7%
Mar 07
Mar 08
Mar 09
Mar 10
Mar 11 YTD Dec11
15
..and Productivity
Business per employee (Rs Mn)1 Rs Revenue per employee (Rs Mn) 2 Rs
54 2.0 1.5 1.0 0.5 0.9 1.1 1.2 1.5 1.7 1.8 1.4
60 50 40 40 30 20 10 0 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 34 46 41 47 50
0.0 Dec-11 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 YTD Dec11
1 Business indicates loans given + deposits- interbank deposits for the bank
2 Revenue indicated Net total income for the bank
Average CASA per Branch (Rs Mn) Rs

200 162 150 110 100 50 0 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Dec-11 94 75 114 134 175
16
Strengthening Balance sheet
Capital Adequacy Ratio (%)1

16% 12% 8% 4% 0% Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Dec-11
1 Based on Basel I for Mar 06, Mar 07 and Mar 08 and Basel II for remaining years 2 Calculated excluding current year profit for FY 12 as per the RBI guideline
14.9% 10.7% 10.6% 10.2% 11.7%
12.9%
14.1%
Improvement in CAR from 10.7% in Mar 06 to 12.9% in Mar 2011 CAR of 14.1% as on Dec 2011 with tier 1 of 10.99%2 Capital raised: INR 3.5 Bn via QIP and a preferential allotment in 2007 INR 4.15 Bn via QIP and a preferential allotment in 2009 INR 9.69 Bn via QIP and a preferential allotment in 2011
17
Asset Quality
Gross NPA (Rs Mn) Rs
5.0% 5,381 4.0% 3.0% 3,132 3,109 1.38% 1.86% 2,032 2.96% 2.30% 2.0% 2.01% 1.0% 0.0% Mar 06 Mar 07 Mar 08 Mar 09 Mar 10 Mar 11 Dec 11 100%
7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 4,286 4.09%
Gross NPA
Gross NPA % 5,572 5,532
Gross NPA reduced from 4.09% in Mar 06 to 2.30% in Mar11
2.55%
Gross NPA improved to 2.01% as on Dec 2011
Coverage and Net NPA Ratio

1.8% 63.3% 49.2% 1.0% 0.7% 0.4% 0% Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Dec-11 Coverage Ratio* Net NPA Ratio 0.0% 36.0% 0.3% 83.4% 85.0% 1.2% 60.2% 1.2% 2.0% 1.5% 1.0% 0.5% 80% 60% 40% 20% 57.8%
Net NPA reduced from 1.8% in Mar 06 to 0.4% in Mar11 Provision Coverage Ratio improved from 57.8% in Mar 06 to 83.4% in Mar 2011 (Best in class)
Net NPA of 0.3% and PCR of 85% as on Dec 2011
18
..and Diversified Asset Mix

Agri & Rural Banking, 5.2% Consumer Banking, 21.2%
Segment wise Composition of Advances Dec 2011

Wholesale, 42.7% Business Banking/SME, 31.0%
Wholesale Banking Industry Portfolio

Infrastructure, Professional Food & Agri, Construction, 5.3% Services, 4.6% 4.3% 6.3% Retail, 8.6% Gems & jewellery, 4.2% Textiles, 4.0% Chemicals, 3.4% Manufacturing, 8.9% Basic Metal , 3.3% Transport, 3.1% Petroleum & Coal , 2.0% Rubber & Plastic, 1.8% Paper , 1.7% NBFC, 16.8% Telecom, 20.7% Minning, 1.1%
Business Banking/SME Industry Portfolio

Gem & Jewellery Retailers, 8.5% Trader, 31.1% Rental Discounting, 7.7% Food Processing, 6.9% Contractor, 6.4%
Automobile, 6.1%
Textiles, 5.3% Iron & Steel, 4.4% Others*, 9.1% Other Pharmaceuticals, Manufacturing, 2.0% 9.0%
* Others include Education Institutions, Printing, Readymade Garments, Electronics, Recreation etc.
Service Enterprise, 3.4%
19
Moving towards a diversified pan-India Bank

Geographical Distribution, No. of Branches #, % share
510 478 25% 481 30% 26% 47 77 32% 63 89 432 44 74 527 68 101
18%
33 43
Increasing presence in Western, North and Eastern part of the country (from 18% in FY 06 to 32% of total branches as on Dec 2011)
177 82% 75%
180 74%
178 70%
179 68%
179
Population wise Distribution, No. of Branches#, % share

510 527 17% 18% 31% 34% Rural 91 97 478 432 19% 18% 87 82 92 86 114 132 139 159 89 481 87 88 90
179
180
179
179
179
Mar 08 AP
Mar 09
Mar 10
Mar 11 West
Dec 11
Rest of South
North & East
160
35%
28%
150
167
166
173
179
Mar 08 # Includes Branches and ECs
Mar 09 Urban
Mar 10 Metro
Mar 11
Dec 11
Semi-Urban
20
Quality Management supported by a strong promoter

MD & CEO Shailendra Bhandari
Experience in ING : 2 Years Seasoned banker with 27 years of experience. Former Managing Director and CEO of Centurion Bank of Punjab from 2004 until 2008 Former MD and CEO of Prudential ICICI Asset Management from 2000 until 2004; part of the core team charged with setting up HDFC bank in 1994 as Treasurer and Executive Director. Ex- Citi banker, having spent 12 years in senior management positions
Company Secretary
Chief Corporate Audit Group
Country Head Retail Banking (Uday Sareen) Experience in ING : 4 Years
Country Head Private Banking (Samir Bimal) Experience in ING : 5 Years
Country Head Wholesale Banking (Janak Desai) Experience in ING : 6 Years
Head Operations (Meenakshi A)
Chief HR (J M Prasad)
Chief Financial Officer (Jayant Mehrotra) Experience in ING : 5 Years
Chief of Staff (Ashok Rao)
Chief Risk Officer (Jan Van Wellen)
Chief Audit Executive (MSR Manjunatha) Experience in ING : 11 Years Previously was working as an advisor to the Managing Director of PT Bank Indomonex, Jakarta, Indonesia.
Experience in ING : 3 Years Worked at ICICI Bank Limited Over 3 decades of experience in the banking business
Experience in ING : 7 Years
Experience in ING : 9 Years
Experience in ING : 3 Years More than two decades of experience in Banking across BBL and ING Worked across geographies in Credit and Risk function
13 years of prior Worked for BNP Worked at ABN experience in Paribas India AMRO, Retail Banking and Lazard Standard at Citibank India and carries Chartered a rich Worked across Core team experience of geographies, member at IDBI 15 years both in markets and responsible for India and the products banks strategy Middle East & repositioning
Over 15 years of Over 2 decades Over 2 decades of experience experience in of experience in across various Human banking industries and Resources in Worked in geographies Financial various senior Core team Services and positions in member at IDBI software Audit and responsible for industry Finance in India various strategic and overseas initiatives
ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services With the financial backing of its largest shareholder, ING Vysya Bank can leverage the ING Groep NVs relationship for its: Deep understanding of the industry across markets, Product knowledge and domain expertise, Access to global clients, Presence across other BFSI verticals to allow cross selling opportunities
21
Presentation Path
22
Retail Asset Momentum Increasing share of Business Banking/SME and Mortgages

Retail Advances Evolution (Rs Bn)
175 150 125 100 75 50 25 0 Mar-08 Mar-09 Mar-10 Mar-11 Dec-11 95.4 78.9 14.0 31.4 33.5 41.9 37.6 16.0 108.3 19.0 43.0 67.4 82.6 Business Banking/SME Consumer Finance Others 152.8 138.0 17.2 54.6 53.4 15.5
1.94x
46.4
March 2008
Others 17.77%
December 2011
Other than Mortgages 5.63% Others 10.17% Business Banking/SME 54.08% Mortgages 30.12%
Consumer Finance Division 39.73%
Other than Mortgages 15.47%
Business Banking/ SME 42.50%
Consumer
Finance Division 35.8%
Mortgages 24.26%
23
NTB Business Banking and Mortgages momentum

Business Banking/SME Limits Sanctioned (Rs Bn)
30 25 20 15 10 5 0 Mar-09 Mar-10 Mar-11 Dec-11 7.5 10.2 12.2 16.8 YTD Full Year 19.9 3.25x 27.6 24.4
Mortgage Disbursal (Rs Bn)

YTD 18 16 14 12 10 8 6 4 2 0
HL:LAP = 89:11
Full Year
HL:LAP = 65:35
17.0
HL:LAP = 86:14
13.9 11.9
12.9
HL:LAP = 52:48
10.5 7.1
9.2
0.77x
Mar-09
Mar-10
Mar-11
Dec-11
24
Average Retail CASA Growth Momentum

INR Bn Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2'12 Q3'12
Retail Bank CASA Average CASA New to Bank for the Quarter (NTB) Feet on Street (FOS) Branches #
#
52.10 57.00 60.10 65.80 69.20 73.95 77.60 77.81 84.25 83.82 2.53 3.06 3.07 3.83 3.72 4.71 3.95 5.26 9.45 4.16
82.83 3.94 2,036 527
1,826 1,726 1,635 1,848 1,896 2,227 2,301 2,229 2,050 1,843 477 474 474 481 483 488 491 510 515 527
Includes Branches and ECs
New to Bank Salary Accounts (000) for the Quarter

2.4x 51 45 34 22 24 28 21 40 45
Q3'10
Q4'10
Q1'11
Q2'11
Q3'11
Q4'11
Q1'12
Q2'12
Q3'12
25
Franchise Building
Launched Indias first Platinum Multi-currency Forex card - a customer can now carry upto 5 different currencies USD, GBP, EUR, AUD and JPY all on one card Countrys first Art Branch opened in Cuffe Parade, Mumbai. A unique concept with an Art Gallery embedded into a bank branch, showcasing works from leading Indian artists Launched tailor-made niche products for high growth segments: Zwipe Classic, a premium account for semi-urban/rural markets and Flexi, a current account for seasonal businesses that offers variable transaction limits based on the balance maintained Introduced MasterCard SecureCode to enable debit cards for online shopping our customers can now shop for tickets, movies, electronics, apparel and many other products across over 6000 e-commerce merchants New internet banking offering went live with new portals for Corporate and Business Banking/SME clients. The new best-in-class retail portal with instant sign-on, RTGS, instant bill-pay and sub-limits for higher security to be launched soon
26
Wholesale Bank Momentum Increasing share of Large Corporates and Current Account growth
Assets Evolution (Rs Bn)
Large Corporates Emerging Corporates
113.9 100.6 33.4 31.7 80.5 69.0
1.75x Large Corporates share in Wholesale advances increased from 59% in Mar 08 to ~71% in Dec 2011
65.1 26.7 38.4 Mar-08
69.5 25.6 43.9 Mar-09
78.5 26.0 52.6
Mar-10
Mar-11
Dec-11
Current Account Evolution

YTD Full Year 375 267 199 100 99 97 120 260 Current account balance as on Dec 2011 was 4.7x of balance as on Dec 07 469 4.69x
Mar-08
Mar-09
Mar-10
Mar-11
Dec-11
* From a base of 100 in Dec 2007
27
Wholesale Bank Momentum

Revenue Momentum*
Revenue Trend 250 199 200 150 100 100 50 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 120 139 182 153 20% 17.9% 0% Mar-07 Mar-08 Mar-09 15.3% 16.0% 13.2% Mar-10 15.1% Mar-11 199 40% Fee Income Trend 235 216 60% 41.5% 58.8% 80%
Key Ratios
Fee % 68.2% Cost/Income Ratio 64.5% 49.6%
* From a base of 100 in March - 2007
Product Momentum *
2.27x 2.17x 250 200 150 100 50 0 Lending FM Mar 07
* From a base of 100 in March - 2007
Wholesale Average CASA Momentum#

3.28x 400 0.62x 300 200 62 100 Corporate & Investment Banking Emerging Corporates Mar 09
#
1.66x 227 166
2.72x 2.21x 221 1.84x 272 184 100 100
217
328
100
100
100
100
100
100
Transaction Banking Dec 11
Advisory
Banks & Fnancial Institutions group Dec 11
Wholesale Bank
*December 2011 numbers have been annualized
From a base of 100 in March - 2009
28
Presentation Path
29
Balance Sheet
As at 31 Dec 11 Capital and Reserves Deposits Borrowings Liab. & Provisions Total Liabilities Cash, Inter-bank, etc Investments Advances Fixed Assets Other Assets Total Assets 39,276 316,545 54,117 21,145 431,082 25,875 115,725 262,984 5,005 21,494 431,082
As at 31 Dec 11 CA SA TD CD Total Deposits CASA% 51,087 52,060 160,993 52,405 316,545 32.59%
Rs Mn
As at 31 Dec 10 25,727 272,677 47,793 21,185 367,383 25,957 107,376 214,579 4,938 14,532 367,383
As at 31 Dec 10 42,071 49,207 128,970 52,430 272,677 33.47%
FY 10-11 26,243 301,942 41,469 20,485 390,140 25,214 110,207 236,021 5,028 13,669 390,140
FY 09-10 23,309 258,653 36,714 20,126 338,802 30,270 104,729 185,072 4,959 13,772 338,802
FY 08-09 17,029 248,895 31,853 20,860 318,637 22,816 104,955 167,564 4,372 18,929 318,637
FY 07-08 15,357 204,576 17,467 18,015 255,415 31,852 62,933 146,495 3,992 10,142 255,415
FY 06-07 11,033 154,186 14,812 12,832 192,863 15,923 45,278 119,762 3,960 7,941 192,863
FY 05-06 10,197 133,353 15,694 8,423 167,667 11,233 43,723 102,315 4,054 6,341 167,667
CAGR FY 06-11 20.8% 17.8% 21.4% 19.5% 18.4% 17.6% 20.3% 18.2% 4.4% 16.6% 18.4%
FY 10-11 51,071 53,515 156,695 40,661 301,942 34.64%
FY 09-10 40,921 43,350 131,454 42,929 258,653 32.58%
FY 08-09 33,141 33,984 163,644 18,126 248,895 26.97%
FY 07-08 33,293 31,232 118,980 21,071 204,576 31.54%
FY 06-07 18,936 25,639 103,177 6,433 154,186 28.91%
FY 05-06 15,090 20,935 81,401 15,927 133,353 27.01%
CAGR FY 06-11 27.6% 20.6% 14.0% 20.6% 17.8%
30
Profit & Loss

Q3 FY12 Q3 FY11 FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07 FY 05-06 Net Interest Income Other Income Total Income Staff expenses Other Expenses Total Expenses Operating Profit Exceptional Items Op Profit after Excep. Items Provisions Profit before tax Taxes Net Profit 2,113 334 1,779 584 1,195 1,594 336 1,258 428 830 6,355 1,516 4,839 1,652 3,186 3,236 1,699 4,935 1,704 1,118 2,822 2,113 2,459 1,668 4,127 1,454 1,079 2,532 1,594 10,065 6,550 16,615 6,057 4,204 10,260 6,355 8,298 5,895 14,193 4,289 3,793 8,081 6,112 307 6,420 2,704 3,715 1,293 2,422 4,248 1,302 2,947 1,059 1,888 6,496 5,477 11,973 3,922 3,802 7,725 4,248 4,984 3,982 8,966 3,024 3,071 6,095 2,871 204 3,075 560 2,515 945 1,569 4,456 2,522 6,978 2,272 2,778 5,050 1,928 335 2,263 987 1,276 387 889 1,027 812 215 125 91 4,063 2,110 6,172 2,250 2,895 5,146 1,027
Rs Mn
CAGR FY 06-11 19.9% 25.4% 21.9% 21.9% 7.7% 14.8% 44.0%
44.0% 13.3% 86.4% 67.7% 103.8%
31
Key Ratios
Q3 FY12 Net Interest Margin Yield on Advances Cost of Deposits Cost Income Ratio Return on Assets Return on Equity CASA Ratio Credit-Deposit Ratio Gross NPA Ratio Net NPA Ratio Provision Cover Capital Adequacy Ratio* 3.49% 11.66% 6.94% 57.18% 1.13% 12.29% 32.59% 83.08% 2.01% 0.31% 84.98% 14.08% Q3 FY11 3.10% 10.13% 5.44% 61.37% 0.88% 13.04% 33.47% 78.69% 2.66% 0.64% 76.41% 12.69% FY 10-11 3.25% 10.05% 5.25% 61.75% 0.89% 12.83% 34.64% 78.17% 2.30% 0.39% 83.41% 12.94% FY 09-10 3.21% 10.53% 5.33% 55.73% 0.80% 11.81% 32.58% 71.55% 2.96% 1.20% 60.19% 14.91% FY 08-09 2.84% 11.48% 6.83% 64.52% 0.70% 11.63% 26.97% 67.32% 1.86% 1.20% 36.01% 11.65% FY 07-08 2.77% 10.49% 6.28% 66.47% 0.74% 12.03% 31.54% 71.47% 1.38% 0.70% 49.19% 10.20% FY 06-07 2.79% 9.33% 5.27% 69.05% 0.52% 8.34% 28.91% 77.67% 2.55% 0.95% 63.32% 10.56% FY 05-06 2.73% 8.78% 4.87% 83.36% 0.05% 0.90% 27.01% 76.73% 4.09% 1.76% 57.79% 10.67%
* Capital Adequacy Ratio up to FY 07-08 as per Basel-I
32
Presentation Path
33
Indian Banking Structure

Reserve Bank of India Scheduled Banks Commercial Bks 163 Non Scheduled Banks 4 Co-operative Banks 69 Indian Banking Structure
Scheduled Banks Scheduled Banks are included in the Second Schedule of the Banking Regulation Act, 1965. Bank must have a minimum specified networth and should also satisfy the RBI that is affairs are not conducted in a manner detrimental to the interests of its depositors Non Scheduled Banks Banks not included in the Second Schedule of the Banking Regulation Act, 1965 and do not satisfy the conditions State Co-operative Banks These are co-operatives owned and managed by the state Public Sector Banks Include SBI and its subsidiaries and other banks that were nationalized in 1969 and 1980 Regional Rural Banks Established in 1975 by RBI to operate exclusively in the rural areas to support agricultural growth New Private Sector Banks Established after Government allowed new private sector banks to be set up in 1994 Old Private Sector Banks Banks that were established prior to 1994 by the privy states, community organizations or by a group of professionals Foreign Banks These are banks that were registered outside India and had originated in foreign country
Indian Banks 129 Public Sector Banks 108 Nationali sed Banks 26 Regional Rural Banks82
Foreign Banks 34 Private Sector Banks 21 Old Private Sector banks 14 New Private sector banks 7
Source: RBI ; as on Mar 2011
34
Indian Banking Industry : Regional Overview

Geographic distribution of Advances (FY11)
Eastern North Region Eastern 8% Region 1% Northern Region 23% Western Region 34% Central Region Southern Region 7% 27%
Geographic distribution of Deposits (FY11)

Central Region Eastern 11% Region 11% North Eastern Region 2% Northern Region 22%
Southern Region 21%
Western Region 33%
Demographic distribution of offices (FY11)

Metropolitan 18% Rural 36% Urban 21%
Demographic distribution of Deposits (FY11)

Rural 9%
Semi-Urban 13%
Metropolitan 57% Semi-Urban 25%
Urban 21%
Source: Statistical Tables Relating To Banks In India 2010-11, RBI(Scheduled Commercial Banks) Note 1: Offices include administrative offices and branches
35
Banking Sector Growth

CASA Advances
INR Billion
8,358
9,836
11,861 13,471
16,813
19,937 15,544 19,812
24,769
30,009
34,967
42,987
FY 06 ING
FY 07
FY 08 24%
FY 09
FY 10
FY 11 24% ING
FY 06
FY 07
FY 08 16%
FY 09
FY 10
FY 11 28%
Total Deposits
56,164 246 312
Net Profit
21,647 26,970
33,201
40,632
47,469
703 427 528 571
FY 06 ING
FY 07
FY 08 18%
FY 09
FY 10
FY 11 17% ING
FY 06
FY 07
FY 08 127%
FY 09
FY 10
FY 11 32%
Source: Statistical Tables Relating To Banks In India, RBI
36
ING is amongst the top 10 locally listed private & foreign players
Price/T12MEarnings2 ICICI 4.0% 3.7% 3.4% 0.8% 0.6% 0.5% 1.0% 0.8% 0.8% 0.5% 14.0 16.3 23.6 12.8 12.6 6.8 11.8 10.0 1.6 1.5 1.2 1.4 1.6 16.5 29.5 2.5 3.1 3.6 Price/Book2 1.8 4.6
Deposits: Rs. 56 Trillion1
HDFC Private Sector Foreign Banks 4.3% Private 17.9% Axis Yes IndusInd ING Vysya Foreign Bank Standard Chartered J&K Old Private Sector Banks Federal South Indian
Stateowned 77.9%
1 Source: Statistical Tables Relating To Banks In India 2010-11, RBI(Scheduled Commercial Banks) 2 Source: Bloomberg as on 28th Feb 2012, Trailing 12 months earning and Book Value for FY11
37
History of ING Vysya Bank Ltd. (1/2)

We were incorporated as a public limited company on March 29, 1930 with the name The Vysya Bank Limited and received our certificate of commencement of business on July 24, 1930. We received a license to carry on the banking business in India under the Banking Regulation Act from the RBI on June 6, 1958. Our name was changed to ING Vysya Bank Limited and the fresh certificate of incorporation consequent to the name change was granted on November 1, 2002. The RBI pursuant to its letter dated December 10, 2002 amended the previous license to carry on banking business in India and permitted the said change in name. We are a scheduled commercial bank within the meaning of the Reserve Bank of India Act, 1934. The registered office of our Bank upon incorporation was at 489, Avenue Road, Bangalore 560 002. Subsequently, the registered office of our Bank was shifted to No. 72, St. Marks Road, Bangalore 560 001 and to our current location at ING Vysya House, No. 22, M.G.Road, Bangalore 560 001 on August 20, 2003 We are one of the oldest private sector banks in India with an 81 year long history and are engaged in offering a wide variety of wholesale, retail and private banking products and services to our customers. We currently have 514 bank branches (excluding 42 Satellite Offices, RCCs and ARMBs), 13 extension counters and 427 ATMs, as on Dec 31, 2011. As of March 31, 2011, we were the eighth largest private sector bank in India in terms of deposits and the ninth largest private sector bank in India in terms of advances. Our debt capital markets services were ranked fifteenth in Fiscal 2011 in India in the Bond Underwriters League Table published by Bloomberg.
38
History of ING Vysya Bank Ltd. (2/2)

We are part of ING group, a global financial conglomerate of Dutch origin. ING group also has its presence in India through ING Vysya Life Insurance Company Limited and ING Investment Management (India) Private Limited. After acquiring Bank Brussels Lambart which had made strategic investments in our Bank between 1996 and 2002, in November 2002, the ING group has made further investments in our Bank including through preferential allotments in November 2007, September 2009 and June 2011 post necessary regulatory approvals ING Vysya Financial Services Limited is our wholly owned subsidiary engaged in the business of non-fund/fee based activities of marketing and distribution of various financial products/services of the bank. While serving the Small and Medium Enterprises (SME) segment and the trading community has been our traditional strength, we have expanded our offerings to include a comprehensive range of banking services, which we provide large corporates as well as retail and HNI clients. Our principal business activities are organized into three segments: o Wholesale Banking; o Retail Banking; and o Private Banking
39
Corporate Social Responsibility

Vision: To promote education of underprivileged children in India Programs: Learning centre for children living in slums and studying in Government schools, Makkala Jagriti (Bangalore); children living in red-light area, Hamari Muskaan (Kolkata); children living in rural areas, IIMPACT (Lucknow). Day-Boarding School for Under-served children for children living in slums, Christel House (Bangalore) Residential shelter for promoting education of former child labourers, street children, orphan children - Pratham (Mumbai), Sukrupa (Bangalore) and Support (Mumbai) Residential shelter for visually impaired youth to continue higher education Samarthanam Trust (Bangalore) Learning on wheels program aims to raise awareness on environment friendly behavior and to provide door-to-door elementary education classes for girls children in rural UP. Balwadi (Pre-school) and Community Library programme for children living in semi-slum settlements , Akshara Foundation (Bangalore) and Great Indian Dream Foundation (Delhi) Family strengthening programme for children affected by Tsunami, SOS Childrens Village (Nagapattinam) Chances for children program in partnership with UNICEF in West Bengal and Rajasthan Hope Brigade Several employee volunteer programs were undertaken during the year and ING Vysya Bank has contributed an amount of Rs. 42 lakhs towards the cause through payroll contribution and Raffle ticket sales.
Program Coverage:
Karnataka, Andhra Pradesh, Maharashtra, Uttar Pradesh, Rajasthan, West Bengal, Tamil Nadu and Delhi
40
Disclaimer
Certain statements in these slides are forward-looking statements. These statements are based on managements current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. All financial and other information in these slides, is on an unconsolidated basis for ING Vysya Bank Limited only unless specifically stated to be on a consolidated basis for ING Vysya Bank Limited and its subsidiaries. Please also refer to the statement of financial and segmental results required by Indian regulations that has been filed with the stock exchanges in India and is available in our website www.ingvysyabank.com. This presentation may not be all inclusive and may not contain all of the information that you may consider material.
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ING VYSYA BANK Investor Presentation

ING VYSYA BANK LIMITED

ING VYSYA BANK LIMITED

Banking Franchise with ~8 Decades of Experience

2011 2009 2007

Completed a QIP and a preferential allotment to raise INR 4.15 Bn

Completed a QIP and a preferential allotment to raise INR 3.5 Bn

Completed a 3:1 rights issue to raise INR 3 Bn

1996 1990 1985 1930

GMR Group acquired 28% in the Bank

Largest Private Sector Bank

Promoted by Vysya (trading community) headed by Mr. Margapuram Chengaiah Chetty

ING VYSYA BANK LIMITED

Strong Pedigree of Investors

Indian Promoters, 0% ING, 44%

Foreign Holding, 27%

ING VYSYA BANK LIMITED

Diversified distribution with growing footprint

Geographical Distribution No of Branches Dec 2011 Total No of Branches 527

Rest of South 41% AP 41% West 8% North & East 10%

Rest of South 34% AP 34%

North & East 19%

ING VYSYA BANK LIMITED

Consistent Improvement in Operating Metrics

Fee based income

Net NPA (%)

Increased CASA (%)

ING VYSYA BANK LIMITED

Large Corporates Business Banking /SME

International Client Group

ING VYSYA BANK LIMITED

Business Strategy Grow ahead of Market with better asset quality

Focused Asset growth engines

Growth with Risk Mitigation

Enhance operating efficiency

Reposition as ING in select markets

ING VYSYA BANK LIMITED

Enhancing Brand Awareness

ATMs@ Malls & Hypermarkets

ING Vysya Bank branch at Hughes Road, Mumbai

Art Branch, Cuffe Parade, Mumbai

Focused outdoor advertising

ING VYSYA BANK LIMITED

ING VYSYA BANK LIMITED

ING VYSYA BANK LIMITED

Mar 11 YTD Dec11

12% 8.34% 8% 4% 0% Mar 06 Mar 07

Mar 11 YTD Dec11

ING VYSYA BANK LIMITED

Delivering Consistent Growth

Deposits (Rs Bn) Rs

ING VYSYA BANK LIMITED

Net Profit (Rs Mn)

ING VYSYA BANK LIMITED

3.25% 3.21% 2.84%

Consistent improvement in NIMs from 2.73% for FY06 to 3.25% (FY06-11)

NIMs of 3.49% for the quarter ending Dec 2011

Mar 11 YTD Dec11

80% 60% 40% 20% 0% Mar 06

64.5% 56.9% 1.2%

Mar 11 YTD Dec11

ING VYSYA BANK LIMITED

60 50 40 40 30 20 10 0 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 34 46 41 47 50